Damage Control Planning:
Condolences to all who took a bath on this one. We rolled the dice on what we thought was a sure thing, and we lost. Now we have to move on and try to salvage what we can.
I hope that Tom and the other knowledgeable posters can still offer some guidance after a very tough drop. We need to consider:
1. Is depocyt dead?
2. If depocyt is dead, does it mean the platform (depofoam) is dead, or just DEPO's lead drug?
3. Depomorph appears to be the "killer app" for DEPO (the vector securities report mentions $1B to $2B theoretical market). When are we likely to have good news from the trials for this?
DEPO is down BIG TIME, so at this point if the platform is not dead, depocyt is not dead, and depomorph is still coming, we should be able to salvage more than the current $4/share.
However, at this point management looks either incompetent, dishonest, or both, making it hard to leave funds on the table under their control.
Input from all on the thread would be most appreciated.
Good luck to all, and condonlences again to everone who got burned...
THC |
